Anheuser-Busch Employees’ Credit Union Uses HMDA RELIEF to Streamline Compliance, Improve Marketing
Anheuser-Busch Employees’ Credit Union Uses HMDA RELIEF to Streamline Compliance, Improve Marketing
2 Pageswww.QuestSoft.com | 800-575-4632 QuestSoft Case Study Anheuser-Busch Employees’ Credit Union Uses HMDA RELIEF to Streamline Compliance, Improve Marketing Challenge Taking the Labor out of Compliance The annual Home Mortgage Disclosure Act (HMDA) reports are much like taxes. Compliance officers know they are coming up every year, there is a great deal of paperwork to compile, there is a set deadline and penalties for errors can be very costly. Anheuser-Busch Employees’ Credit Union (ABECU) needed an automated system that would simplify the process of compiling and reporting HMDA data. In addition, they sought a provider that could keep ahead of the many changes and revisions affecting HMDA, taking the burden off of the credit union. After researching their options, ABECU selected
